Looking to diversify beyond NQVRX? The mutual funds below have historically moved differently from NQVRX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for NQVRX
2 mutual funds have low correlation with NQVRX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) (High Yield Muni) with a 1Y correlation of 0.26, up from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.26 | 0.12 | 0.11 | 91 | High Yield Muni | NQVRX vs NVHIX | |
| Nuveen High Yield Municipal Bond Fund | 0.26 | 0.13 | 0.10 | 89 | High Yield Muni | NQVRX vs NHMRX | |
| Nuveen Preferred Securities & Income Fund | 0.39 | 0.36 | 0.38 | 73 | Preferred Stock | NQVRX vs NPSRX | |
| Nuveen Real Estate Securities Fund | 0.50 | 0.61 | 0.65 | 72 | REIT | NQVRX vs FARCX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.55 | 0.55 | 0.61 | 58 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | NQVRX vs QQQX |
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